Apr 25

How to save over $400 – $600 each Month: A Simple Strategy

I am sure it is the title that attracted you to read through this article. Well, that’s predictable because each one of us wants to save money. I totally understand your eagerness to get to the heart of the matter, so here is the simple set of strategies you can use in your day to day life.

Cut Back on Takeaways

I know it does not seem very nice when someone hints at taking away the comfort of takeaways from you. But if you knew what I know about saving money by saying no to takeaways, you definitely would nod your head in agreement to this suggestion.

People have lots of time on their hands. Why else would they spend their time in researching, collecting and evaluating data about the amount of money you could save by avoiding takeaways for just 1 day of the week? If you are dependent on takeaways for your major meals of the day throughout the week (which is a rare possibility) and you decide to cook at home just once, then you can save almost $ 100+ per month.

Bundle Up Your Insurance Plans

Other than having to pay more for insurance coverage by opting for different companies for different kinds of insurance, you also have to deal with the hassle. Cut back on the stress and decide to provide some relief to both your mind and your wallet. Bundle up all your insurance coverage with a single provider and this should save you at least $ 30-50 per month.

Walk More Drive Less

Most of the households in USA are forced to keep aside a huge share of their monthly budget for car fuel. Seeing how fuel prices are shooting up, it helps to find ways and excuses to drive less and walk more. Avoid using the car for short distances and especially when you have time to take a walk. You could kill 2 birds with one stone- save money on fuel and boost your fitness.

Car Pooling

I figured that since fuel bills are the most expensive, it would be smart to include more than 1 way to save money on it. Car pooling is a method that I highly recommend due to many reasons. The top 2 are of course focused on saving. First of all you save money and second, you save the Earth by contributing lesser to the pollution.

Bundle Up Service Plans

It saves you at least $ 50-60 per month if you bundle up your phone, internet and cable service providers into one. You save almost $ 120-130 per month if you decide to avoid data usage. Maybe you could rely on Wi-Fi for your data needs until you have your finances in order?

Save Electricity

Switch off the electrical gadgets when not in use as opposed to leaving them on standby mode and switch to CFL bulbs instead of the regular incandescent ones. Buy energy efficient electrical appliances and you should save a few dollars each month on your electricity bill each month.

Shop for Discount Deals

There are discount offers and deals for every shopper who cares to look around. If you shop online, it becomes easier to keep track of the latest discounts and lowest rate offers.

These tips together should save you at least $ 400-600 a month.

Apr 01

How to cut your Insurance Bills in 1-2-3 Easy Steps

Insurance is a commonly included item in most of our budgets. While the type of insurance may be different like home insurance, health insurance or car or insurance, it goes without saying that if you manage to save some money on your insurance bill, you can make a considerable difference to your budget as well.

Here are 3 easy steps to cut back your insurance bill and save some money in the process.

1) Pay Higher Deductibles

Paying more money to save money does seem a bit counter-intuitive at first. But here’s how it works. When you agree to pay a higher deductible, the insurance company looks upon this as a favor from your side. Now the insurance company decides to reciprocate by extending a discount in your insurance premiums. After all, you are taking off a burden off the company’s shoulders (albeit small) by paying a higher deductible until the insurance benefits kick in.

2) Many Insurances One Provider

It is very common for an average individual to have more than 1 type of insurance. Majority of the folks have insured their homes, their cars and their health with different insurance companies.

You may have chosen different providers because you were approached by them at the time of your need. But most of the insurance companies do not limit themselves to a single type of insurance. They do offer coverage for all major types of insurance.

What you can do is compare the different companies and then select one of them which has an affordable coverage plan. Now approach this company and intimate them of your decision to merge your other insurances along with the one you already have with them. So if this company is already providing you home insurance coverage, indicate that you would like them to handle your health insurance and auto / car insurance as well.

This is a win-win situation for both of you, because the insurance company gets more business and reciprocates by extending considerable discounts in premiums to you.

3) Don’t Stop Shopping

Don’t be under the impression that you need to stick with the insurance company you currently have. It always helps to look around for more lucrative deals. Chances are that you will stumble upon better discounts or better coverage plans if you look around.

The best way to do this is to keep track of the latest entrants into the insurance market, because these are the companies that are eager to land new customers and build their business. Subscribing to one or two popular websites that deal with review and updates about insurance companies should do the trick for you.